Thompson previously worked with venture capital manager Starfish Ventures.
He has also worked at Murdoch University as a research scientist in the university's veterinary group.
"Martin will join Frontier's consulting team and be involved in both client work and the investment research process across a number of sectors," Frontier managing director Fiona Trafford-Walker said.
Frontier recently added two people to its team. In December, the firm hired Jennifer Lam to the position of associate consultant and Ching Lee as an analyst.
"Unlike many industry colleagues, Frontier is seeking to grow rather than reduce staff numbers," Frontier said at the time.
